Tenggara Backgrounder is a weekly briefing service combining insights and analysis by experts from the Centre for Strategic and International Studies (CSIS) and Universitas Prasetiya Mulya, as well as background information from The Jakarta Post journalists. Tenggara Backgrounder provides you exclusive insights into what’s happening behind the scenes along with insider scoops that are not published in the media.
Jiwasraya pleas for bailout from taxpayer moneyTenggara Backgrounder November 15, 2019
Desperate for help, state insurance company PT Asuransi Jiwasraya asked the government for a bailout of Rp 32.89 trillion (US$2.35 billion) from taxpayer money to solve its financial crisis. Since the crisis is considered to be a result of the company’s mismanagement and bad investment decisions, both the government and the House of Representatives rejected the request.
NasDem gets a head startTenggara Backgrounder November 08, 2019
Barely a week after President Joko “Jokowi” Widodo announced his Indonesia Onward Cabinet, The NasDem Party has started sniffing around the opposition despite three of its members having seats in the Cabinet. While NasDem’s move may seem ethically questionable, the party does not have the luxury of sitting around if it wants to reap a big harvest in the upcoming simultaneous regional elections (Pilkada), which will take place about 10 months from now.
Deputy minister posts mired by political appointmentsTenggara Backgrounder November 01, 2019
President Joko "Jokowi" Widodo has appointed 12 deputy ministers for 11 ministries. Nine of the appointments are for ministries in the economic team. Despite the political nature of some deputy ministerial positions, President Jokowi expects them to work professionally and deliver what is demanded by the President.
Strange picks in Jokowi’s ‘Dream Team’Tenggara Backgrounder October 25, 2019
A general who was discharged from the military was named defense minister, an army medical doctor who lost his practicing license for ethics violations was chosen for health minister, a former army general was picked for religious affairs minister, and a successful young start-up entrepreneur became minister of education. These are some of the strange if not controversial picks in the new Cabinet as President Joko “Jokowi” Widodo began his second term in office this week.
Jokowi set to name bigger rainbow coalitionTenggara Backgrounder October 18, 2019
President Joko “Jokowi” Widodo will likely announce his new Cabinet within hours of his inauguration on Sunday, and swear in the ministers the next day. Most negotiations of who is in and who is out would have been concluded by now. Regardless, there may be last minute surprises as diverse groups have been maneuvering to get into the Cabinet.
Rising nickel price complicates Vale divestmentTenggara Backgrounder October 11, 2019
The PT Vale Indonesia (INCO) divestment process is set to complete this month, yet its value remains unclear. Meanwhile, the INCO share price has been increasing, giving its owners greater bargaining power, as this could lead to a higher valuation. While some have alleged INCO stock pumping, the fundamentals appear to support the share price rise, since the nickel price has surged dramatically this year.